More Chinese residents find property prices too high and “hard to accept” even as the government rolls out extra measures to cool the housing market, a central bank survey showed.
More than two-thirds of those surveyed, or 68 percent, said prices are too high, the highest percentage since the final quarter of 2011, the People’s Bank of China said in a quarterly release today. More than a third, or 34.4 percent, said home prices will rise in the coming three months...............................................Full Article: Source